MIRA
INFORM REPORT
|
Report Date : |
03.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
LOOKS INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No.13, 2nd Floor, Manish Market, Palton Road,
Mumbai-400001, Maharashtra |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
01.01.2008 |
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Com. Reg. No.: |
11-177193 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs. 3.805 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2008PTC177193 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML07490A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL4051G |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Mobile Phones Accessories |
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|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 22000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a company having moderate track. Financial position of the
company appears to be weak. It is improving slowly but steadily. However, trade relations are reported as improving. Business is
active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Arafat Merchant |
|
Designation : |
Director |
|
Contact No.: |
91-9820760786 |
|
Date : |
26.07.2012 |
LOCATIONS
|
Registered Office : |
Shop No.13, 2nd Floor, Manish Market, Palton Road,
Mumbai-400001, Maharashtra, India |
|
Tel. No.: |
91-22-66589777 / 66589555 |
|
Mobile No.: |
91-9820760786 (Mr. Arafat Merchant) |
|
Fax No.: |
91-22-66589555 |
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E-Mail : |
|
|
Area : |
450 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Mohammed Arafat Merchant |
|
Designation : |
Director |
|
Address : |
Hayat Place, Flat No.701, Opposite Nair Hospital, 7th Floor,
4 Dr. Anand Road, Mumbai-400008, Maharashtra, India |
|
Date of Birth/Age : |
23.11.1986 |
|
Date of Appointment : |
01.01.2008 |
|
Voter ID No.: |
XIC1760719 |
|
DIN No.: |
01745728 |
|
|
|
|
Name : |
Mr. Mohamed Hainf Ismail Shaikh |
|
Designation : |
Director |
|
Address : |
44/46, Rehmaniya Tower, 6th floor, Flat No.601/602, M.A.
Sarang Marg, Mumbai-400009, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1971 |
|
Date of Appointment : |
01.01.2008 |
|
Date of Cessation : |
06.02.2012 |
|
DIN No.: |
01761960 |
|
|
|
|
Name : |
Mr. Haroon Merchant |
|
Designation : |
Additional Director |
|
Address : |
Hayat Place, Flat No.701, Opposite Nair Hospital, 7th
Floor, 4 Dr. Anand Road, Mumbai-400008, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1954 |
|
Date of Appointment : |
15.11.2010 |
|
Voter ID No.: |
MT/06/034/0199166 |
|
DIN No.: |
02258267 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U28920MH1991PTC063202 |
SANJARI
ENGINEERING PRIVATE LIMITED |
Director |
03/04/2000 |
03/04/2000 |
Active |
NO |
|
2 |
U51900MH2008PTC177193 |
LOOKS
INTERNATIONAL PRIVATE LIMITED |
Director |
30/09/2011 |
15/11/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Arafat H Merchant |
30900 |
|
Hanif Ismail Shaikh |
3100 |
|
Haroon Ahmad Merchant |
3000 |
|
Rehmat Haroon Merchant |
1000 |
|
Aisabai Sidhik |
1 |
|
Hingoria Amabai Mamdh |
1 |
|
Ilaram Sidhik |
1 |
|
Jat Achar Karmi |
1 |
|
Jat Badal Eliyas |
1 |
|
Jat Hansan Sumar |
1 |
|
Jat Jakab Mamdh Khan |
1 |
|
Jat Karamkhan Gulam |
1 |
|
Jat Mamdh Rahim Miyavasaya |
1 |
|
Jat Ramdhan Achar |
1 |
|
Jat Sumar Salemamdh |
1 |
|
Jat Sale Mamdh |
1 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Mobile Phones Accessories |
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|
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Imports : |
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Products : |
·
Mobile Phone Accessories |
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Countries : |
·
China ·
Hong Kong |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Plizer Trading (HK) Limited ·
R M International Sales Corporation ·
Suncity Accessories Private Limited ·
Time Star Trading (HK) ·
Quantenj Tonj |
||||||||||||
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|
|
||||||||||||
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Customers : |
Wholesalers ·
Majid and Store ·
Sonu electronics ·
S N Mobile Kerala ·
Hardy Boys ·
Hi Tech Mobile Accessories ·
Basu Tailors ·
Shanty Tele Mobile ·
Mahavir Fabrics ·
Martial Tailors unique Material Supply ·
Yej Export |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
·
HDFC Bank, Mumbai, Maharashtra, India ·
HSBC Bank ·
Bank of India ·
Bombay Mercantile Bank |
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Facilities : |
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Banking
Relations : |
-- |
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|
Auditors : |
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|
Name : |
Mukesh Kabra Chartered Accountant |
|
Address : |
312, Kaladevi Roa, 2nd Floor, Mumbai-400002, Maharashtra,
India |
|
PAN No.: |
AADPK3511H |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38049 |
Equity Shares |
Rs.100/-
each |
Rs. 3.805
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.805 |
3.805 |
3.705 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.771 |
1.278 |
0.630 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.576 |
5.083 |
4.335 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
6.484 |
9.249 |
8.691 |
|
|
TOTAL BORROWING |
6.484 |
9.249 |
8.691 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.060 |
14.332 |
13.026 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.119 |
0.021 |
0.033 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.248 |
0.057 |
0.060 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
15.782
|
11.879 |
1.546 |
|
|
Sundry Debtors |
7.784
|
19.559 |
11.562 |
|
|
Cash & Bank Balances |
1.620
|
1.623 |
1.991 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.086
|
0.081 |
0.005 |
|
Total
Current Assets |
25.272
|
33.142 |
15.104 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.927
|
18.078 |
1.803 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.784
|
0.959 |
0.534 |
|
Total
Current Liabilities |
13.711
|
19.037 |
2.337 |
|
|
Net Current Assets |
11.561
|
14.105 |
12.767 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.132 |
0.149 |
0.166 |
|
|
|
|
|
|
|
|
TOTAL |
12.060 |
14.332 |
13.026 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
18.703 |
20.447 |
16.445 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
21.854 |
29.796 |
17.356 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
21.854 |
29.796 |
17.356 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.751 |
0.985 |
0.968 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.258 |
0.337 |
0.338 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.493 |
0.648 |
0.630 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.72 |
4 |
4 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
22.500 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs. 35.000 Millions
The above information has been parted by Mr.Arafat Merchant.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
4.02
|
4.82 |
5.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.96
|
2.97 |
6.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.19 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.62
|
5.56 |
2.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.84
|
1.74 |
6.46 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---- |
|
26] |
Buyer visit details |
---- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
32] |
Passport No of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
OPERATIONS
The Company has achieved a Turnover of Rs. 18.703 Millions during the
year with Net Profit of Rs. 0.751 Million.
TRADE REFERENCES
· Quantenj Tonj
·
Shanty Tele Mobile
FIXED ASSETS
·
Computer
·
Mobile Phone
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 55.77 |
|
|
1 |
Rs. 86.74 |
|
Euro |
1 |
Rs. 68.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.